Home appreciation rates are down across the country.

 

But, things are different in the Miami-Fort Lauderdale-West Palm Beach real estate market.

 

RealtyTrac's July report shows home prices are 19 percent higher than a year ago.

 

RealtyTrac Vice President Daren Blomquist says, it may seem counter-intuitive, but the high rate of foreclosures in the Miami-Fort Lauderdale-West Palm Beach market is fueling prices upward.

 

Appreciation has slowed down in most of the rest of the country, as prices leveled and home sales volume is down.

 

The majority of major markets have seen a slowing down of home appreciation compared to a year ago.